The biggest mistake newbie does is they treat trading as a gambling. They come here to get rich overnight. But they are unwilling to learn by themselves. But the reality is- you have to be skilled in order to make money consistently. If you can't invest your time in learning, do Not invest in the market.
risk is everywhere in Forex its a very common thing , there is no one who can deny but if you have proper money and risk management then within a very short time you can bring good amount of profit from here.
For successful trading, fear is a great enemy. Since your fear can make you move away from your money management and let's close the deal before the level predetermined by your system. And as often happens in such cases, the market after that likes to turn in the direction you need.
Loss is organized out of fear. However, every trader should give up emotions and start trading. It is possible to become a profitable trader if you can give up negative emotions.
AliaDare posted:
Loss is organized out of fear. However, every trader should give up emotions and start trading. It is possible to become a profitable trader if you can give up negative emotions.
EXactly. It just takes a right mindset and dedication to achieve success.
Dec 18 2020 at 07:44
Losses are inevitable in trading, they can only be reduced not eliminated alotgether.
Everyone does not want to suffer losses. It `s naturally. But in forex trading, there will always be losses. it's part of the job. And the trader's task is to minimize these losses.
Dec 18 2020 at 09:41
DoraWalletInvest posted:
It is indeed important to learn how to control your emotions. I don't believe it's possible to reach a state of complete emotionlessness but we can definitely practice and choose not to listen to our feelings.
In forex, fear comes from the increased possibility of losing money, which can happen anytime for a trader. Experiencing fear is normal. ... Simply put, you are experiencing fear. You think to yourself that you cannot handle it anymore, and do not want to lose more than you already have
https://funds-money.com/how-beneficial-or-risky-is-bitcoin-trading/
Hm, I often hear that people are worried about this.
But if you've already worked in business, you're ready for it.
And if you worry too much, you should read more about trading psychology - it can really help!
But if you've already worked in business, you're ready for it.
And if you worry too much, you should read more about trading psychology - it can really help!
